ContractsFree

Severance Agreement Template

Severance agreement template covering separation date, severance pay, benefits continuation, release of claims, return of property, and confidentiality for departing employees. Adjust fields in the controller to customize variables dynamically. Open in our visual tiptap document workspace to edit text blocks, trigger AI assistant rewrites, and export as PDF/Word.

Contracts

Customize variables

Fill in the parameters below. The preview paper will update dynamically in real time.

Company Name

Company Address

Hr Representative

Employee Full Name

Employee Address

Employee Contact

Separation Date

Severance Pay

Severance Payment Terms

Benefits Continuation

Accrued Pto

Release Of Claims

Return Of Property

Confidentiality Clause

Revocation Period

Governing Law

Employer Signature

Employee Signature

Tapping opens our full tiptap canvas where you can add signature, upload logo, export PDF.

Template Quality Guarantee

Formatted to professional industry standards.

Supports instant offline PDF & DOCX compilations.

Live Document Preview● Live

Northgate Corporation

742 Evergreen Terrace, Springfield, IL 62704

sarah.j@techsolutions.com · +1 (555) 382-9281

SEVERANCE AGREEMENT

This Severance Agreement and Release is made between Northgate Corporation (the Company) and David Miller (the Employee) to set out the terms of the Employee separation from employment.

Parties

Company: Northgate Corporation, 1000 Corporate Center Dr, Atlanta, GA 30328. HR Contact: Marcus Vance, HR Director

Employee: David Miller, 456 Oak Avenue, Apt 2B, Brooklyn, NY 11201 (+1 (555) 419-6620 | robert.hayes@email.com)

1. Separation Date

The Employee employment with the Company ends effective August 31, 2026. The parties agree this Agreement is not an admission of wrongdoing by either party.

2. Severance Pay

In consideration of the release below, the Company shall pay the Employee severance of $24,000.00, paid as follows: Paid in 8 equal bi-weekly installments following the effective date, less lawful withholdings. The Company shall also pay out $3,200.00 in unused accrued vacation.

3. Benefits Continuation

The Company will cover COBRA premiums for 3 months following separation. Information about continuation of group health coverage will be provided under separate cover.

4. Release of Claims

The Employee releases the Company from all claims relating to the employment. The Employee releases the Company from all claims arising out of the employment or its termination, to the fullest extent permitted by law.

5. Return of Property & Confidentiality

The Employee will return all laptops, badges, and confidential materials by the separation date. Both parties agree to protect all proprietary and confidential business data.

6. Review & Revocation

The Employee has the stated period to review this Agreement and may revoke it within 7 days after signing. This Agreement is governed by the laws of the State of Georgia.

Signatures

Company: Marcus Vance, HR Representative

Employee: David Miller

The employee may consider and revoke this release within the statutory review period before it becomes effective.